ship i think they said is a 45,000t carrier - so that is 1125 loads - maybe 20 a day - 50 days for a shipment?? - so to move the whole 1.6mt in 2 yrs means a whole mre tonnes moved or DSO means the actual losses in fines etc etc is large???
My thinking is that they've got a 2 year resource but will take 4 years to move by truck and ship !VMS certainly seems to be undervalued at these levels.Any comments on why that may be?I also see they have Tin, Zinc, Copper and Gold???
They don't have the cash to spend on exploration !
Ann: Venture to start Dry Screening Ops at Riley Iron Ore Mine, page-52
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